November 21 Altcoin "Three Mountains" Suppression Analysis and Future Orientation:

Altcoin: Yesterday, I specifically emphasized to everyone that we must accept the bottoming period. Without a bottoming formation, any rebound will have limited height and duration. Such rebounds are often just tricks; after a one-night stand, emotions will only turn colder. The market has experienced a deep correction, especially with mainstream coins. Ethereum has dropped from 47 to 27 in a month and a half, almost halving; Bitcoin has fallen from 126K to now 82K, a decline of 35%. This deep correction often requires 2-3 months for market confidence to recover. During these two or three months, the market tends to fluctuate with little overall increase. This period is also the accumulation phase for the whales. Only with a long enough consolidation at the bottom will the chips become more concentrated, leading to a longer and stronger real explosive period later on. At this stage, it is essential to withstand the tests and hold onto the chips. Don't be blindly tempted to bottom fish by short-term rebounds; be wary of the risk of a second bottom after "temptation bottoming." Wait for the market sentiment to thoroughly bottom out before striking hard to build core infrastructure.
The current "three mountains" of altcoins: 1. Hawkish macro policies (pressure): Stronger than expected NFP data, internal deadlock at the Fed; 2. Weak technical structure (risk): BTC/ETH are still in a downward channel, and as long as mainstream coins fail to bottom out, altcoins will struggle to form a trend reversal; 3. Liquidity exhaustion: The Fed's balance sheet reduction (QT) continues to drain liquidity from the market.
Future Direction: 1. AI Narrative Anchoring (Emotional Boost): Nvidia's (NVDA) strong earnings report successfully boosted global risk appetite. 2. RWA Retailization Implementation: Ondo has been approved to provide tokenized stocks/ETFs to 500 million European retail investors. 3. Ethereum Ultimate Integration (EIL): The release of the EIL proposal aims to address L2 fragmentation and cross-chain bridge risks, which is a core technological breakthrough for achieving future "hundreds of millions of users' seamless adoption."
‍#山寨